IRS Issues

IRS Issues2018-02-20T20:52:45+00:00

IRS Issues

IRS issues can be daunting and require serious attention. With complex tax laws and regulations, having a professional working to resolve any IRS issues or potential issues is an absolute necessity. Jones Sager & Company has a team of tax accounting experts who are experienced in all areas of IRS Tax Filing and IRS issue resolution.



From unfiled tax returns to establishing IRS payment plans and beyond, you need skilled specialists working on your behalf. Let Jones Sager & Company assist you with any potential, current or ongoing IRS issues. We will resolve the matter efficiently and beneficially. Our CPAs can coordinate on your behalf to relieve this burden and advise you in avoiding any future tax filing problems or IRS issues.

IRS Issues

Have you received an IRS audit notification?
Haven’t filed your tax returns for years? See Non-Filed Returns.
Do you owe Back Taxes?
Do you have Payroll Tax Problems?
Has the IRS placed tax liens on your home? See Liens.
Is the IRS threatening to seize your bank account and take your money out of the bank. See Levies.
Is the IRS threatening to take your paycheck, 401(k), and other retirement accounts? See Wage Garnishments.
Is the IRS threatening to seize your personal property? See IRS Seizures.

IRS Solutions

Do you owe the IRS a lot of money? – Settle for pennies on the dollar! See Offers In Compromise.
Do you need more time to pay. See Payment Plan.
Would you like to get out from under your tax burden completely. See Bankruptcy.
Would you like to get out of a tax debt caused by misdeeds committed by your spouse? See Innocent Spouse Relief.
Would you like to see what the IRS has on you. See Your IRS File.

Every day, the massive computer center at the IRS is getting more sophisticated; it’s just a matter of time before they catch up with you for not filing federal taxes.

This is not a situation to take lightly; failing to file your tax returns is a criminal offense. If you do not file taxes, you can be prosecuted and punished with potential jail time of one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns?

Jones Sager accountants can give you the peace of mind you deserve by helping you get in compliance with the law. If you voluntarily file your delinquent tax returns, you’ll likely avoid further problems other than having to pay the interest and penalties. If you wait for the IRS to file your tax returns for you, they will be filed in the best interest of the government, usually with little or none of the tax deductions you are entitled to.

Before anything can be done to extract you from this predicament, all the tax returns must be filed. You must be current and our tax accounting team can expedite that process for you, ensuring your best interests will be considered. In most cases, you will likely owe taxes, interest, and penalties after the tax returns are filed. Once we see how much is owed, Jones Sager & Company CPAs will set a course of action to get you off the hook.

Are you having problems with the IRS?

Jones Sager accountants are here to help you resolve your tax problems and put an end to the misery that the IRS has put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discrete. IRS issues will not just go away by themselves; they will keep getting worse with penalties and interest being added daily.

If you owe the IRS back taxes, you have a very serious problem. It may take the IRS several years to catch up to you, but they are relentless in collecting all the money that is owed. When the collection process starts, they will mercilessly collect from you and your spouse, as well as your business. The IRS can ruin all aspects of your life. You need a tax advisor to help you with this complex process.

Federal Tax liens can make your life miserable! When your taxes are not paid, the IRS establishes a lien against all of your assets (especially real estate). This gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own.

The lien can be against you, your spouse, or your company. A lien against your company will seize your accounts receivable. At this point, everything you own is just one short step away from becoming the property of the United States Government.

Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. Banks don’t want the extra work when the IRS comes in to take your money.

With a Federal Tax lien on your record, you can’t get a reasonable loan to purchase a car. Think about paying 18-22% interest on a car that is already too expensive for your budget. You definitely cannot buy or sell any Real Estate. The list is endless.

Avoiding IRS Liens is crucial when dealing with any IRS issues. Jones Sager tax accountants and tax advisors can guide you through this process with our many tax accounting services and our vast IRS issue resolution experience. Put our tax accounting team to work for you, creating a plan before the IRS steps in.

IRS Levies can really do a lot of damage and can even ruin your life. A levy is the IRS’s way of getting your immediate attention. It’s their way of letting you know that you’ve ignored their previous communication.

Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, automobiles, stocks, bonds, boats, paychecks, and even Social Security checks!

Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount did not cover what is owed, they’ll keep taking your money until you cover your tax liability.

They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. It sounds cruel they don’t care. Their sole objective is to collect the back taxes owed. Period.

As bad as that is, a worse method is a wage levy (or garnishment). That’s when most of your pay check goes to the IRS. They don’t leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid.

If that doesn’t accomplish what they want, they’ll pull out all the stops. They’ll seize your assets and sell them at auction. That includes everything you own: home, cars, boats, jewelry, motorcycles, insurance policies, retirement funds, and anything of value.

At Jones Sager & Company, we are often able to get those levies released and help you get out of this terrible situation. Our Tax Accounting team specializes in these IRS Issues. Our goal is to get you even with back taxes and the IRS, paying what you can afford and letting you start life anew.

Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return, not to mention needing to develop a comprehensive understanding of tax law. It’s not recommended to do this alone. You need the understanding and expertise of an experienced tax accounting firm. Jones Sager & Company is here to help.

The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don’t comply with the Auditors’ wishes, the IRS will recalculate your taxes and send you home with a hefty tax bill as your parting gift.

Many taxpayers decide to handle a tax audit themselves and discover they may have been penny-wise, avoiding a representative’s fee, but pound-foolish because they received a substantial bill for a significant tax deficiency.

You see, IRS Auditors are trained to extract more information from you than you have a legal obligation to provide. IRS Auditors know that most people fear them and are ignorant of their rights, tax laws and complex tax codes. As a result, they know they can use that fear and ignorance to their advantage.

At Jones Sager & Company, our tax accounting team and CPAs handle it for you. There’s no need to take time off from your business or job to handle the bureaucracy and paperwork of the IRS. Rarely do our clients even have to talk with the IRS, resulting in no lost wages or lost business. You simply forward notification of an IRS audit and our tax advisors will handle it from A to Z.

Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program?

The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.

The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).

Often it is possible to fully and completely eliminate the taxes you owe – including all penalties and interest – at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done “right.”

If done correctly, your debt may be settled for only 5-15% of what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer. Jones Sager accountants have the experiences and tax accounting know-how to determine appropriate offers and correctly administer the process of doing so, saving you potentially thousands of dollars and resolving your IRS issues once and for all.

IRS Seizure is receiving a written notice from the IRS informing you that authorization has been given to liquidate your assets in order to cover the tax due.


This
 is a bad day! But it can be avoided if we get involved soon enough.

 

An IRS seizure is the taking of physical assets and usually happens when IRS requests are continuously ignored over a period of time. When the IRS seizes your assets, they intend to sell them at auction as quickly as possible, frequently for less than half the value. It is a last resort for the IRS and it can be avoided if you get a tax accounting firm to help right away!

If you get a seizure notice, you must act quickly. Jones Sager & Company tax advisors can work on your behalf to prevent the process from continuing and begin to resolve your IRS issues. Of course, it’s best not to allow any IRS issues to get to this point, but if it does, you need tax accounting experts on your side otherwise you could lose everything.

The IRS allows payment plans for back taxes. Depending on the balance you owe, it can be fairly easy. The greater the amount owed, the more complex the process can be.

Jones Sager & Company tax advisors can work with the IRS to get you on a simple, monthly payment plan to pay these back taxes over time. You may even qualify for an Offer in Compromise, making the payment of back taxes even easier. Either way, you need tax accounting representation to ensure your interests are being taken into consideration.

Without an experienced advisor or a thorough understanding of all aspects of tax law, you will be stuck paying penalties and interest as you pay off your back taxes. Our tax accounting firm can coordinate a more affordable payment plan while helping you avoid penalties.

Not filing, paying late or borrowing from payroll taxes is against the law. The payroll tax money collected from employees to pay their share of Federal withholding tax, FICA and Medicare (Social Security) does not belong to the business and must be paid to the government.

If you are behind on paying payroll taxes for your company, watch out! The IRS is extremely aggressive pursuing collection of this type of tax. They would rather seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities.

The IRS can and does come after business owners individually for payroll taxes owed. The IRS can access what is called the trust fund recovery penalty against owners, shareholders and even employees for part of the unpaid payroll taxes.

If you have unpaid payroll taxes, it is critical you hire a professional representative to work on your behalf. Jones Sager & Company can help formulate and coordinate a plan to get you back on track. Let our expert CPA tax accountants help you mitigate this type of tax delinquency immediately.

You received a notice of “Intent to Levy” 30 days ago and you forgot or ignored it. Now it’s payday. Expecting a paycheck, you open the envelope and find that the IRS has taken most of your money. What’s left is not enough to pay the rent, car payment, buy groceries, or pay the rest of the bills. This action will continue on every paycheck until the tax owed is paid in full.

No matter how hard you plead with your employer, they cannot give you your money. Once a wage garnishment is filed with your employer, your employer is required by law to collect a large percentage of each of your paychecks.

Jones Sager & Company can negotiate the release of IRS wage garnishments. Our experts can arrange a payment plan and resolve your IRS issues for good. The payment plan negotiated by our tax advisors is always more favorable than any IRS wage garnishment.

We have in-depth knowledge of the current tax laws for repayment of back taxes. Our CPA tax accountants work diligently to allow you to receive your whole paycheck without fears of future wage garnishments.

Did you know that you can get out of the tax debt due to the misdeeds or fraud committed by your spouse? Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.

Did you know that you can get out of the tax debt due to the misdeeds or fraud committed by your spouse? Innocent If you qualify for Innocent Spouse Relief, you may not owe any tax. Jones Sager & Company CPAs can help you not only help determine if you qualify for Innocent Spouse Relief, but we can ensure you won’t be accountable for any back taxes or other IRS issues related the situation.

Did you know that you can get out of the tax debt due to the misdeeds or fraud committed by your spouse? Innocent With our detailed understanding of current IRS tax laws and relief, Jones Sager accountants work on your behalf to protect you from being further victimized for any fraudulent tax-related actions of a spouse or an ex-spouse.

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Phone: 630-377-2900